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Colliers Leaders Forum | Biding your time

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President Joe Biden's first 100 days and the impact on Hong Kong's real estate market

As the global economy looks set for a rebound after COVID-19, all eyes are on the recovery in the U.S. With the passing of the US$1.9 trillion COVID-19 Stimulus and Relief Package, the economy is set to go into overdrive. As demand for products and services strengthens, there are questions around the recovery of disrupted supply-chains and the sustainability of the Chinese economy.

Highlights

  • The Biden administration’s U.S. COVID-19 Stimulus and Relief Package should drive a surge in US GDP growth to 7.7% in 2021
  • Sharp economic recovery paired with the American Jobs Plan should drive the strongest absolute employment growth in U.S. history in 2021 - some eight million new jobs
  • Rising U.S. interest rates have implications for Asia and Asian property – not least in Hong Kong due to the U.S. dollar peg – including the direction of the cap rates used in property valuations

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Colliers Leaders Forum | Biding your time

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Nigel Smith

Managing Director

Hong Kong

Nigel Smith is the Managing Director of Colliers International’s Hong Kong Office. He is responsible for daily operations, key strategic opportunities, driving client engagement and securing new business.  Having joined Colliers in 2015 he has since turned the Hong Kong business around through a powerful combination of actionable research, innovative marketing and personalised service delivery. He is actively committed to diversity and inclusion, supporting company and community initiatives towards gender equality and wellness.

Nigel is also a member of the Asia Leadership Team.

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Rosanna Tang

Head of Research, Hong Kong & Greater Bay Area

Research

Hong Kong

Rosanna Tang leads the research team in Hong Kong and South China in Colliers. Driving different research papers and client-orientated initiatives, Rosanna has a deep understanding of all property sectors, research products, and client requirements. Rosanna is also one of the spokespersons in the company, and she frequently speaks in different industry events and media interviews. 
 

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